Reddit Posts
Don’t scroll past if you’re giving in to FUD (with links)
Don’t scroll past if you’re giving in to FUD (with links)
One of the biggest banks in the world: "Ignoring crypto would be like sticking with paper and not adopting a computer." Big banks are realizing that DeFi and tokenisation are not a fad, even during a bear market.
Mentions
As in general performance results, or an example of model output? My most recent model was more of a proof of concept for a more simplified system which was trained on data from 82k simulated trades on SOL and ETH, in which it attempted to identify patterns at the trade level using features such as RSI Slope, MACD, ADX from 14 periods before up to the time of trade, in addition to trade size, cost, and direction, i have not yet built the models to capture regime and microstructure meta data, but the first venture into ML yielded an AUC range of .59 to .68, which if you know is only marginally better than random guessing, but yeah this model doesnt truly capture the microstructures nor the market regime it is kind of the bottom layer of the hierachy and will eventually will be given the metadata from the models to be built to learn from. I havent added those features/models yet, in total I will need to build about 5 models, possibly with a 6th in the future to incorporate bayesian optimization based on live results to continuously evolve and also possibly a 7th genetic evolution model to optimize profit and risk management targets at some point so I can not only minimize drawdown by switching strategies in various macro/micro situations, but also maximize the profits in each scenerio. As a solo developer doing this out of passion and pleasure Ive found the most effective approach to building truly complex systems, is to approach them by modularly building individual complicated systems which through connectivity to each other, in just 5 years worth of ohlc data across 12 strategies ETH alone has 1.6million possible trades, with my laptop it would take like 19 days to process this, so to do with all years and the 1400+ pairs available just via Kraken exchange will take an ungodly amount of time...
Ok skippy, there is no need to convert it, it actually states AUC in several of his posts. Maybe since it's not in Arabic you couldn't read it.
tldr; A Vancouver company, Green Block Mining, has been ordered to pay over $400,000 in penalties and legal expenses for operating unsanctioned cryptocurrency mines in Alberta. The Alberta Utilities Commission (AUC) investigated after noise complaints from residents and found the company, formerly known as Link Global, had set up unauthorized gas generators to power mining servers. Green Block must pay $346,500 in penalties and $60,000 in legal expenses, cease operations in Alberta, and never operate there again. The company has made a partial payment and has until February 21 to pay the remainder. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
I thought you were crazy but i looked it up and that is their AUC. AUM is much lower which is why I thought of JPM being much larger.
Hmmm … US Economy, ~$23T BNY Mellon, serving 35 countries, $1.9T AUM, $46.6T AUC/AUA, so $48.5T https://www.bnymellon.com/us/en/about-us/about-bny-mellon.html
i have been working in the industry for 16 years. this will fizzle out like the credit suisse FUD. i am sick and tired of reddit users with no background in working for banks or the financial industry posting BS. the way you have no idea about correspondent networks and how banks participate in domestic rtgs payment rails that aren't open to foreign entities but need a local regulated banking entity. silvergate digital custody services has a AUC of less than 12B, big private banks have AUC in hundreds of Billions, Big commercial banks are in the Trillion range. 12B is peanuts. silvergate employs 200 people, big private banks employ up to 10k people, big commercial banks are up to 100k people. silvergate has a tiny footprint in a big picture view. they are a bank subject to an internal and external control regime, is constantely audited and is regulated as a bank with all reporting requirements. the chance of them cooking the books and misappropriating client funds is near 0.
I have nothing against porn stars, but I think the decision-making that leads someone to being a porn star is not the same decision-making I would want for managing my life savings. She had $500M AUC and $2.2B in managed loans - that's a lot of life savings.
Real Estate is the biggest shitcoin of all. https://www.msn.com/en-us/money/realestate/manhattan-luxury-home-sales-wrapping-up-biggest-year-on-record/ar-AAS3AUC?ocid=uxbndlbing
HSBC has a LLOONGGG history of money laundering and fraud: [https://www.corp-research.org/HSBC](https://www.corp-research.org/HSBC) [https://en.wikipedia.org/wiki/HSBC](https://en.wikipedia.org/wiki/HSBC) >HSBC's history has been plagued by a succession of scandals and the bank has been repeatedly fined for money laundering (sometimes in relation with criminal organizations such as the Sinaloa cartel)\[18\] or setting up large scale tax avoidance schemes. In 2019 and 2020, HSBC had $8.5 trillion in assets under custody (AUC)\[19\] and over $4 trillion in assets under administration (AUA), respectively.\[20\] ​ They are definition of corrupted bankers.
Fake news (at least the AUC) Source: https://www.insiderintelligence.com/insights/largest-banks-us-list/
ATOM, please. If this lasts more than 4 hours, I need to go see my doctor 
Oh great private police and private prison. There's now that could ever possibly fail or result in the creation of groups like AUC /s
tldr; Matrixport has passed $10 billion in assets under custody (AUC). Matrixport was established in February 2019 by former Bitmain co-founders Jihan Wu and Yuesheng Ge and senior executives from top derivatives exchanges and investment banks. Matrixport provides one-stop crypto-financial services such as institutional custody, spot, and leveraged trading, asset management, and lending *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
I'mma do another ~~shitty~~ awesome coin idea! *starts pondering* Hmmm, JBT. Just Buying This for short. Its full name "I'm just buying this shitcoin because I didn't fomo into all the coins I should have fomod into." It will be an AUC (algorithmic unstable coin) tied to the price of the last coin to get hyped and pumped 500%+ in a week on /r/cc.